Monzo appoints Tom Oldham, a former Nubank executive, as the new group CFO.
- Tom Oldham assumes the role following the departure of James Davies to another company.
- Monzo plans to expand internationally, with a focus on markets in Europe and the US.
- Mark Newbery is named as the UK CFO, highlighting Monzo’s strategic growth within the UK.
- Monzo’s achievements include profitability, new ventures, and a growing customer base.
Monzo has appointed Tom Oldham, a former executive from Brazilian fintech Nubank, as its new group CFO following the departure of James Davies, now CFO of energy supplier OVO. Oldham, who recently worked as chief investment officer at Mombak, will guide Monzo’s financial strategy as the company plans to expand internationally.
Alongside Oldham, Monzo has brought in Mark Newbery as UK CFO. Newbery, formerly head of investment banking at Barclays, will manage Monzo’s financial affairs in the UK while the company targets expansion into Europe via Ireland and continues its growth in the US.
Oldham expressed his long-standing admiration for Monzo’s customer-centric approach and is excited to contribute to the company’s future successes. He noted his enthusiasm for joining a team that has significantly impacted banking in the UK and beyond.
Monzo’s CEO, TS Anil, stated that the appointments of Oldham and Newbery demonstrate the company’s commitment to integrating banking and technology to enhance the financial wellbeing of millions in the UK and globally.
In 2024, Monzo reported its first full year of profit, entered the pensions market, surpassed 10 million UK customers, topped the CMA banking league table, and achieved a valuation of £4.5 billion. While Monzo has had a strong year, its competitor, Revolut, also seeks attention, having celebrated reaching 50 million users worldwide with a high-profile event.
Monzo’s leadership appointments mark a significant step in its strategic expansion and continued success in the financial sector.
